Hot News

E-commerce giant Alibaba"s shares jump 7% in Hong Kong debut @ 2019-11-27T16: Back Hot News
Keyword:Hong Kong
Concept:
DANIEL ZHANG YONG, CHIEF EXECUTIVE OFFICER OF ALIBABA GROUP ATTENDS THE COMPANY"S STOCK TRADING DEBUT AT THE HONG KONG EXCHANGES AND CLEARING ON NOVEMBER 26, 2019. HE IS FLANKED BY BOARD MEMBER TUNG CHEE-HWA AND LAURA CHA SHIH MAY-LUNG, CHAIRWOMAN OF HKEX. PHOTO: SAM TSANG
HONG KONG: CHINESE ONLINE RETAIL GIANT ALIBABA SURGED ON TUESDAY (NOV 25) AS IT DREW BACK THE CURTAIN ON A HONG KONG LISTING THE FIRM DESCRIBED AS A VOTE OF CONFIDENCE IN THE EMBATTLED CITY.
MAINLAND CHINESE INSTITUTIONAL INVESTORS, LARGE FUND HOUSES AMONG FIRST-TIME BUYERS IN ALIBABA』S SECONDARY OFFERING IN HONG KONG
SHARES CLOSE AT HK$187.60 ON FIRST DAY OF TRADING IN HONG KONG, HANDING INVESTORS A 6.6 PER CENT GAIN OVER THE HK$176 OFFER PRICE
ALIBABA AIMS TO SELL 500 MILLION NEW SHARES, WITH 2.5 PER CENT SET ASIDE FOR HONG KONG PUBLIC, ACCORDING PLAN IN SEC FILING
THE CLOSING PRICE MONDAY FOR ALIBABA』S NEW YORK-TRADED SHARES WAS $190.45 PER SHARE. EACH OF THE U.S. SHARES IS THE EQUIVALENT OF EIGHT HONG KONG SHARES, WHICH WOULD PUT THE PRICE IN HONG KONG TERMS AT 186.30 HONG KONG DOLLARS PER SHARE.
ALIBABA HAD HOPED TO INITIALLY LIST IN HONG KONG, BUT EVENTUALLY CHOSE NEW YORK FOR ITS RECORD-BREAKING $25 BILLION INITIAL PUBLIC OFFERING IN 2014 AFTER ITS UNUSUAL GOVERNANCE STRUCTURE FAILED TO WIN ACCEPTANCE FROM HONG KONG REGULATORS.
TOKYO (NOV 26): ASIAN STOCKS ROSE ON TUESDAY, BOLSTERED BY NEW MOMENTUM IN SINO-U.S. EFFORTS TO END THEIR ACRIMONIOUS TRADE DISPUTE AND AS CHINESE E-COMMERCE GIANT ALIBABA MADE A STRONG HONG KONG DEBUT IN THE WORLD』S LARGEST SHARE SALE THIS YEAR.
TRUMP SAID WASHINGTON WAS IN THE “FINAL THROES” OF WORK ON A DEAL THAT WOULD DEFUSE THE TRADE WAR WITH BEIJING, BUT HE ALSO UNDERSCORED WASHINGTON’S SUPPORT FOR PROTESTERS IN HONG KONG, A POTENTIAL SORE POINT WITH CHINA.

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2025 Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.